Texas Bayou RV Resort Sells For $5 mil

Galveston Bay RV Resort and Marina as seen from above (photo courtesy of the resort’s website).

The Galveston Bay RV Resort and Marina in Texas recently sold for $5 million.

The resort, formerly the Via Bayou RV Resort, sits on the Gulf Shore Bayou leading to Galveston Bay, between South Houston and Galveston, near the town of Kemah, according to the resort’s website.

Mike Fry of KW Commercial, a division of Keller Williams Realty, brokered the sale of Galveston Bay RV Resort, just miles from several large oil refinement plates slated for explosive employment growth over the next several years, according to KW Commercial’s website. The investment set a new high benchmark sales comparable, based on a price of $35,714 per space. The sale happened in January, according to KW Commercial.